UC-NRLF 


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GIFT   OF 


GIFT 
APR    30   1918 


Banking  Service 


for 


Foreign  Trade 


ruaranty  Trust  Company 
of  New  York 


Facilities  Offered  to 
American  and  Foreign  Banking  Institutions 

and 

Importers  and  Exporters 

Foreign  Department 
Guaranty  Trust  Company  of  New  York 


A 


' 


Guaranty  Trust  Company  of  New  York 

140  Broadway 

FIFTH  AVENUEOFFICE  MADISON  AVENUE    OFFICE 

Fifth  Avenue  and  43rd  Street  Madison  Avenue  and  60th  Street 

LONDON    OFFICES 
32  Lombard  Street,  E.  C.  5  Lower  Grosvenor  Place,  S.  W. 

PARIS      OFFICE 
Rue  des  Italiens,  1  and  3 


MA/I     ' 

I  ' 


& 


^ 


Copyright,  1918 
Guaranty  Trust  Company  of  New  York 


The  Foreign  Department 

of  the 

Guaranty  Trust  Company 
of  New  York 

THE  Guaranty  Trust  Company  of 
New  York — with  banking  offices  in 
New  York,  London,  and  Paris,  the  three 
great  commercial  and  financial  centers  of 
the  world — offers  its  facilities  to  bankers, 
manufacturers,  and  merchants,  and  in- 
vites them  to  consult  the  officers  of  its 
Foreign  Department  regarding  the  most 
economical  and  practical  methods  for 
financing  foreign  business. 

The  Foreign  Department  of  the  Guar- 
anty Trust  Company  of  New  York  is  a 
bank  complete  in  itself.  It  is  adminis- 
tered by  a  Vice-President  and  nine  other 
officers,  and  employs  more  than  three 
hundred  clerks.  The  staffs  of  the  London 
and  Paris  offices  number  more  than  one 
hundred  employes,  and  are  constantly 
increasing.  The  Company  also  main- 
tains offices  in  Buenos  Aires,  and  has 
representatives  and  travelers  in  many 
other  countries 

In  addition  to  these  offices,  the  Com- 
pany has  more  than  one  thousand  cor- 
respondents through  which  it  is  in  direct 
[3] 


373733 


and  constant  communication  with  every 
foreign  trade  center  of  any  importance. 
Many  of  these  correspondents  are  among 
the  leading  banking  institutions  of  the 
world;  they  have  been  long  established 
in  their  respective  localities  and  are  thor- 
oughly familiar  with  local  commercial  and 
financial  conditions. 

Through  this  great  organization  of 
branches  and  correspondents,  the  Guar- 
anty Trust  Company  of  New  York  pro- 
vides direct,  safe,  and  prompt  banking 
service  with  every  part  of  the  globe.  It 
is  prepared  to  furnish  to  its  clients  and 
others  engaged  in  foreign  business,  the 
best  available  credit  information  and  data 
regarding  foreign  trade  conditions  and 
opportunities,  and  to  assist  them  in  get- 
ting in  touch  with  foreign  customers.  It 
offers  its  best  effort  and  service  toward 
furthering  and  safeguarding  the  interests 
of  its  customers,  and  of  all  others  engaged 
in  international  trade. 


[4] 


Facilities  Offered  by 
The  Foreign  Department 

of  the 

Guaranty  Trust  Company 
of  New  York 


Current  Accounts  and  Special 
Deposits 

Opens  checking  accounts  in  dollars  or 
in  foreign  moneys  in  New  York.  Pays 
interest  on  balances  of  $1,000  and  over; 
in  London,  on  balances  of  £250  and  over, 
and  in  Paris,  on  balances  of  Fes.  5,000 
and  over.  On  deposits  not  to  be  with- 
drawn within  a  definite  period,  a  higher 
rate  of  interest  can  generally  be  allowed 
than  on  checking  accounts. 

Purchase  and  Sale  of  Exchange 

Buys  checks,  money  orders,  bills  of 
exchange,  or  documentary  drafts,  drawn 
at  sight  or  at  time  on  any  foreign  place. 
Issues  checks  and  time  drafts  in  foreign 
currency  payable  in  the  principal  cities 
of  the  globe. 

Effects  transfers  of  funds  and  makes 
payments  by  mail  or  by  cable  to  any 
part  of  the  world  at  current  rates  of 
exchange. 

[5] 


Insurance  against  Foreign 
Exchange  Losses 

Secures  in  advance,  whenever  practica- 
ble, definite  future  rates  at  which  time 
drafts  will  be  paid,  thus  insuring  its 
customers  against  possible  loss  of  foreign 
exchange  on  transactions  for  future  ship- 
ment or  delivery. 

Travelers9  Letters  of  Credit 

Issues  circular  letters  of  credit  and 
travelers'  checks  in  dollars,  pounds  ster- 
ling and  francs,  available  in  every  part  of 
the  world. 

Direct  Drafts  on  Foreign  Banks 

Makes  special  arrangements  for  banks 
who  are  its  regular  customers  by  which 
they  can  draw  drafts  direct  on  the  foreign 
branches  of  the  Guaranty  Trust  Company. 

Discounts 

Discounts  domestic  and  foreign  bills 
of  exchange  drawn  and  indorsed  or  ac- 
cepted by  satisfactory  banking  institu- 
tions and  commercial  firms  and  corpora- 
tions. 

Foreign  Moneys 

Buys  and  sells  foreign  gold  or  silver 
coin,  as  well  as  foreign  bank  notes. 
[6] 


Collections  and  Payments 

Effects  collection  of  sight  or  time  drafts, 
payments  for  consignments,  insurance 
claims,  legacies,  etc.,  in  any  part  of  the 
world. 

Import  and  Export  Credits 

Opens  confirmed  and  unconfirmed  cred- 
its in  any  of  the  principal  commercial 
centers  of  the  world,  and  effects  payments 
in  settlement  of  imports  and  exports. 

Acceptances 

Accepts  for  account  of  its  customers 
time  drafts  issued  in  dollars  on  New 
York,  in  sterling  on  London,  or  in  other 
foreign  currencies,  for  the  purpose  of 
financing  purchases,  consignments  and 
shipments  to  or  from  the  United  States. 
Deals  in  prime  bankers'acceptances  which 
arise  out  of  transactions  involving  the 
importation  or  exportation  of  goods.  Is 
prepared  to  meet  the  requirements  of 
banks  and  others  desiring  high  grade, 
short  term  investments  of  this  character. 

The  Guaranty  Trust  Company  has  had 
a  longer  experience  in  accepting  drafts  on 
behalf  of  clients  than  any  other  bank  in 
New  York  City,  since  its  charter  as  a 
State  bank  permitted  it  to  undertake 
such  business  at  a  time  when  national 
[7] 


banks  were  unable  to  do  so.  By  reason 
of  its  wide  experience  and  large  facilities, 
therefore,  this  Company  is  enabled  to  be 
of  exceptional  service  to  its  customers. 

Advances  and  Loans 

Makes  advances  in  dollars  or  any 
foreign  moneys  against  approved  col- 
lateral, especially  bills  of  lading  or  ware- 
house receipts  representing  goods  stored 
in  the  United  States  or  abroad.  Advances 
against  collections  on  foreign  countries. 

Sale  of  Merchandise 

Disposes  (through  its  Merchandise 
Division)  of  straight  consignments  at 
current  market  prices,  and  attends  to 
purchases  of  commodities  for  clients 
abroad. 

Financial  Agent 

Acts  as  collecting  and  disbursing  agent 
for  foreign  Governments,  municipalities, 
and  banks,  as  well  as  for  steamship,  rail- 
road, and  other  industrial  organizations. 

Foreign  Securities 

Buys    and    sells    bonds,    notes,    and 
Treasury   bills   of  foreign   Governments 
and  municipalities,  and  other  acceptable 
foreign  investment  securities. 
[8] 


Custody  of  Securities 

Receives  securities  for  safe-keeping  in 
New  York,  London  or  Paris,  subject  to 
the  direction  of  the  owner;  detaches  and 
collects  coupons,  crediting  customers'  ac- 
count or  remitting  on  order;  advises  in 
regard  to  called  bonds,  reorganization, 
rights  to  subscribe,  etc. 

Credit  Information 

Places  at  the  disposal  of  its  correspond- 
ents and  other  customers,  the  services 
of  its  credit  and  commercial  information 
department. 

Foreign  Trade  Service 

Maintains  a  special  division  devoted  to 
the  study  of  foreign  commercial  condi- 
tions and  export  trade,  whose  services 
are  at  the  disposal  of  those  interested. 

Maintains  in  its  New  York  and  foreign 
offices,  classified  indexes  of  foreign  and 
domestic  manufacturers  and  dealers,  for 
the  purpose  of  bringing  buyers  and  sellers 
in  closer  contact. 

Special  Foreign  Representatives 

Sends  special  representatives  to  foreign 
countries  to  study  commercial  and  eco- 
nomic conditions  and  to  make  financial 
and  statistical  investigations,  in  order  to 
[9] 


assise  its  customers  in  developing  their 
foreign  trade. 

London  Offices 

3£  Lombard  Street,  E.  C. 

5  Lower  Grosvenor  Place,  S.  W. 

Paris  Office 
Rue  des  Italiens,  1  and  3 

Invites  American  banks  and  bankers 
to  use  as  their  correspondents  in  Europe 
its  London  and  Paris  offices,  which  open 
checking  and  current  accounts,  and  offer 
complete  banking  facilities  on  terms 
which  may  be  ascertained  at  the  London, 
Paris,  or  New  York  office. 


[10] 


THIS  BOOK  IS  DUE  ON  THE  LAST  DATE 
STAMPED  BELOW 

AN  INITIAL  FINE  OF  25  CENTS 

WILL  BE  ASSESSED   FOR   FAILURE  TO   RETURN 
THIS    BOOK  ON   THE   DATE   DUE.    THE   PENALTY 
WILL  INCREASE  TO  BO  CENTS  ON  THE  FOURTH 
DAY    AND    TO     $1.00    ON    THE    SEVENTH     DAY 
OVERDUE. 

MAY    1   1938 

;x 

LD  21-95m-7,'37 


373733 


UNIVERSITY  OF  CALIFORNIA  LIBRARY 


